Scanned files sufficient for Revenue

JEMOL

Registered User
Messages
51
Hi
Can you tell me if it is sufficient for Revenue purposes to keep invoices and bank statements etc. as scanned in documents rather than keeping all the paper files?
Thanks
Jemol
 
Just seen the attached in an ezine from my Institute. Revenue must be moving with the times!! I would however wait until the ebrief has issued.

Revenue has confirmed that purchase invoices and other paper documents received by the taxable/accountable person may be stored electronically. Business may implement the measure retrospectively. Records must be retained for 6 years but a business may begin in December 2010 to electronically store the records for the previous six years. Full details of how records may be stored electronically will be detailed in an eBrief to issue in the near future.
 
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